Kingsview Wealth Management LLC purchased a new position in shares of AECOM (NYSE:ACM – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 21,582 shares of the construction company’s stock, valued at approximately $2,057,000.
Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in AECOM by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 731,321 shares of the construction company’s stock valued at $95,419,000 after buying an additional 12,664 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in AECOM by 11.3% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 129,432 shares of the construction company’s stock valued at $16,887,000 after buying an additional 13,127 shares in the last quarter. Leuthold Group LLC bought a new position in AECOM in the 3rd quarter valued at about $3,427,000. Barclays PLC grew its position in AECOM by 103.8% in the 3rd quarter. Barclays PLC now owns 490,826 shares of the construction company’s stock valued at $64,038,000 after buying an additional 250,043 shares in the last quarter. Finally, Ninepoint Partners LP bought a new position in AECOM in the 3rd quarter valued at about $1,492,000. Institutional investors own 85.41% of the company’s stock.
AECOM Price Performance
Shares of NYSE ACM opened at $69.65 on Monday. AECOM has a twelve month low of $67.64 and a twelve month high of $135.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 0.84 and a beta of 0.93. The firm has a 50-day moving average of $80.88 and a two-hundred day moving average of $93.18.
AECOM Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Wednesday, April 1st were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, April 1st. AECOM’s dividend payout ratio is presently 32.38%.
Insider Transactions at AECOM
In other AECOM news, CFO Gaurav Kapoor purchased 1,420 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $71.12 per share, with a total value of $100,990.40. Following the acquisition, the chief financial officer owned 88,053 shares of the company’s stock, valued at $6,262,329.36. The trade was a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Troy Rudd purchased 4,225 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $71.02 per share, with a total value of $300,059.50. Following the completion of the acquisition, the chief executive officer directly owned 142,207 shares in the company, valued at $10,099,541.14. The trade was a 3.06% increase in their position. The SEC filing for this purchase provides additional information. 0.46% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of AECOM from $142.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Barclays decreased their target price on shares of AECOM from $110.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Truist Financial reiterated a “buy” rating and issued a $109.00 target price (down from $116.00) on shares of AECOM in a research report on Wednesday, May 13th. Finally, Citigroup decreased their target price on shares of AECOM from $130.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, AECOM currently has an average rating of “Moderate Buy” and an average target price of $116.00.
View Our Latest Report on AECOM
About AECOM
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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